Infosys

ARTICLES ABOUT INFOSYS BY DATE - PAGE 2

BENGALURU: Former Infosys CFO V Balakrishnan has joined the board of Clonect Solutions Private Limited , a city-based Software Company focusing on products in governance, risk and compliance management (GRC), the company announced today. Founded by two former Infosys employees, Balaji Rao and Shailesh Agarwal, Clonect has raised around $2,50,000 as Angel investment including investments from Balakrishnan and T V Mohandas Pai, both former CFOs of Infosys. It said B C Prabhakar, a senior Advocate with specialisation in labour laws and former member of the board of Wipro Limited , has also made his first angel investment in the firm.

NEW DELHI: The S&P BSE Sensex pared gains after rallying as much as 108 points in trade on Monday, led by gains in Infosys, L&T, ICICI Bank, HDFC Bank and Tata Motors. Tracking the momentum, the 50-share Nifty index also managed to reclaim its crucial psychological level of 8850, supported by gains in IT, metal, capital goods, banks and auto stocks. At 09:20 a.m.; the 30-share index was at 29320.92, up 90 points or 0.31 per cent. It touched a high of 29339.81 and a low of 29250.26 in trade today.

BENGALURU: Infosys, after signing its first big-ticket acquisition under CEO Vishal Sikka last week, is evaluating a dozen more startups — all aimed not at bulking revenues or adding clients, as Indian IT companies typically do, but at gaining cutting-edge technology such as automation and artificial intelligence (AI). "We have a dozen targets we are looking at now," Sikka said in an interview to ET, days after the software company bought automation startup Panaya for Rs 1,200 crore ($200 million)

NEW DELHI: Infosys Ltd rallied as much as 1.12 per cent in trade on Monday, after media reports suggested that CEO Vishal Sikka, is evaluating a dozen more startups - all aimed at gaining cutting-edge technology such as automation and artificial intelligence (AI). At 09:40 a.m.; Infosys was trading 1.1 per cent higher at Rs 2308 and was also the top contributor to the Sensex rally of over 100 points. It hit a low of Rs 2290 and a high of Rs 2309.90 in trade today. "We have a dozen targets we are looking at now," Sikka said in an interview to ET, days after the software company bought automation startup Panaya for Rs 1,200 crore ($200 million)

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on markets. Excerpts: ET Now: What is happening in large cap IT? Ambareesh Baliga: A lot of money is chasing a few sectors and in that you clearly have IT because of the performance some of the larger guys have shown and especially someone like a Infosys or HCL Tech. ET Now: But what would you be doing in large cap IT if you had money to put in, where the money find favour? Ambareesh Baliga: I would surely look at Infosys still at the current levels, HCL Tech and possibly in the midcap MindTree.

NEW DELHI: Country's second largest software services firm Infosys today said it has secured a multi-year, multi-million dollar deal with ABN AMRO to provide IT services to the retail and commercial bank. Infosys, a strategic partner of ABN AMRO, will deliver services across application development and maintenance, testing and product implementation, the company said in a statement. Along with other strategic partners of ABN AMRO, it will help the bank rationalise its IT landscape and improve service quality and customer experience, Infosys added.

Things are looking up at Infosys. And it's not just about the iPhones handed out to top performers, or the freedom to use social media networks inside its campuses. When the company's first non-founder CEO Vishal Sikka said he would transform Infosys using next-generation automation tools apart from software solutions beyond vanilla services, not many expected him to start making buys in these areas so soon. But on Monday Sikka announced $200-million acquisition of Panaya , a company specialising in automation technologies.

NEW DELHI: IT services major Infosys today said paints and coatings maker AkzoNobel has extended partnership with its subsidiary Infosys BPO. It was originally selected by AkzoNobel to accelerate the company's finance transformation programme and streamline operations for its Decorative Paints business in over 30 countries across Europe, the Middle East and Africa, Infosys said in a statement. As part of the deal extension now, the transformation programme has been extended across AkzoNobel's Performance Coating business in Europe and North America as well, it added.

MUMBAI:Infosys is buying a startup that helps companies manage major changes to their software systems, in the first signature acquisition by Vishal Sikka after he took over as CEO in August last year. Panaya, which has raised $59 million from venture capital investors, including a firm founded by Sikka's mentor and SAP cofounder Hasso Plattner, is being valued at $200 million (Rs 1,200 crore). "The acquisition of Panaya is a key step in renewing and differentiating our service lines.